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Derivatives and Foreign Currency Operations (Tables)
 12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Financial Instruments
The following table presents the fair value of derivative financial instruments at December 31, (in millions):
 20212020
Balance Sheet LocationAssets (Liabilities)
Derivatives designated as effective hedges:
Cash Flow Hedges:
Foreign currency contractsPrepaid expenses and other current assets$12 $1 
Foreign currency contractsOther accrued liabilities(2)(19)
Fair Value Hedges:
Interest rate swapsOther assets3 7 
Net Investment Hedges:
Cross-currency swapsPrepaid expenses and other current assets18 10 
Cross-currency swapsOther noncurrent liabilities(41)(102)
Derivatives not designated as effective hedges:
Foreign currency contractsPrepaid expenses and other current assets7 10 
Foreign currency contractsOther accrued liabilities(14)(17)
Total$(17)$(110)
Schedule of Pretax Effects of Derivative Financial Instruments Designated or Previously Designated as Effective Hedges
The following table presents pre-tax gain and (loss) activity for 2021, 2020 and 2019 related to derivative financial instruments designated as effective hedges:
 202120202019
 Gain/(Loss)Gain/(Loss)Gain/(Loss)
(in millions)
Recognized
in OCL (1)
Reclassified
from AOCL
to Income
Recognized
in OCL (1)
Reclassified
from AOCL
to Income
Recognized
in OCL (1)
Reclassified
from AOCL
to Income
Interest rate swaps (2)
$— $(6)$— $(7)$— $(8)
Foreign currency contracts (3)
14 (17)4 13 (16)15 
Cross-currency swaps (4)
69 — (92)— — — 
Total$83 $(23)$(88)$6 $(16)$7 

(1)Represents effective portion recognized in Other Comprehensive Loss (“OCL”).
(2)Portion reclassified from AOCL to income recognized in interest expense, net.
(3)Portion reclassified from AOCL to income recognized in net sales and cost of products sold.
(4)Portion reclassified from AOCL to income recognized in other (income) expense, net.